Business Briefs

Reported by Star-Bulletin staff & wire

Tuesday, June 22, 1999

Workplace award nominees sought

The state Department of Labor and Industrial Relations is inviting nominations for its Laulima Award, which each year honors one individual and one organization for their efforts in the workplace to improve the quality of life in Hawaii.

Labor Director Lorraine H. Akiba said one of the criteria for selecting the winner is "value of work," picking the individual or organization that treats work and workers as an essential part of the quality of life. Other criteria include showing aloha to the people of Hawaii, promoting the quality of life in the workplace and empowering employees to improve productivity and consumer satisfaction. For more information, contact Patrick Stanley at 586-8750.

Albertson to sell stores for merger

WASHINGTON -- Antitrust regulators plan to approve a proposed merger of supermarket chain Albertson's Inc. and American Stores Co., but have ordered Albertson's to sell off about 140 of its stores, according to a source. The divestitures would settle antitrust concerns.

U S West opts for Global Crossing

NEW YORK -- In a one-two punch, U S West Inc. became the second company in a week to reject, at least for now, a takeover bid from Qwest, which is trying to build a global telecommunications and Internet company. U S West, the Denver-based Baby Bell, decided late yesterday to proceed with its $32.2 billion merger with Global Crossing Ltd., spurning a slightly higher rival bid from Qwest Communications International Inc. Qwest must now decide whether to raise its offer, take the proposal directly to U S West shareholders, or simply walk away.

In other news . . .

Bullet DULLES, Va. -- America Online Inc. is putting its electronic mail service on 3Com Corp.'s Palm hand-held computers.

Bullet LOS ANGELES -- An employee of PairGain Technologies Inc. is expected to get 10 months to 16 months in prison for posting a phony report of an acquisition on the Internet to drive up the company's stock.

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